Sprott Physical Gold Trust [PHYS] Is Currently 0.60 below its 200 Period Moving Avg: What Does This Mean?

Sprott Physical Gold Trust [AMEX: PHYS] traded at a high on Wednesday, posting a 0.60 gain after which it closed the day’ session at $21.66.

The results of the trading session contributed to over 4175765 shares changing hands. Over the past one week, the price volatility of Sprott Physical Gold Trust stands at 0.66% while the volatility over the past one month is 0.75%.

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The market cap for PHYS stock reached $9.04 billion, with 417.50 million shares outstanding and 417.02 million shares in the current float. Compared to the average trading volume of 2.25M shares, PHYS reached a trading volume of 4175765 in the most recent trading day, which is why market watchdogs consider the stock to be active.

How has PHYS stock performed recently?

Sprott Physical Gold Trust [PHYS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.61. With this latest performance, PHYS shares gained by 4.99% in over the last four-week period, additionally plugging by 21.07% over the last 6 months – not to mention a rise of 39.29% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PHYS stock in for the last two-week period is set at 74.66, with the RSI for the last a single of trading hit 78.16, and the three-weeks RSI is set at 72.05 for Sprott Physical Gold Trust [PHYS]. The present Moving Average for the last 50 days of trading for this stock 20.31, while it was recorded at 21.41 for the last single week of trading, and 18.27 for the last 200 days.

Insider trade positions for Sprott Physical Gold Trust [PHYS]

The top three institutional holders of PHYS stocks are: MORGAN STANLEY with ownership of 6.93 million shares, which is approximately 1.741%. POLAR ASSET MANAGEMENT PARTNERS INC., holding 6.92 million shares of the stock with an approximate value of $$124.91 million in PHYS stocks shares; and POLAR ASSET MANAGEMENT PARTNERS INC., currently with $$113.81 million in PHYS stock with ownership which is approximately 1.5832%.